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Melamine price increased upto RMB19000/MT

Since September, the domestic melamine market has once again sprung up. At the end of August, the ex-factory prices of northern enterprises dropped in order to absorb orders. After export orders were received, the sales pressure eased and enterprises stopped receiving orders.

The latest ex-factory price of northern enterprises is 16,000 yuan/ton+, and it is reported that some market traders are quoting at 16,000 yuan/ton. The ex-factory prices of enterprises in Xinjiang, Southwest and Guangxi have increased by 1,000-1,500 yuan/ton, and the normal-pressure ex-factory prices are 14800-15500 yuan/ton.

According to customs data, from January to July 2021, China's melamine exports amounted to 257,500 tons, accounting for about 31% of total domestic production. According to the monthly export volume of this year, it is not a problem for the export volume of melamine to exceed 400,000 tons this year. In addition, on August 23, 2021, the Ministry of Commerce and Industry of India issued an announcement to make the third anti-dumping sunset review final ruling on melamine originating in or imported from China, and it is recommended to continue to impose anti-dumping duties on the products involved in the case in China, with a tax amount of 161 USD/ton, valid for 5 years. On January 28, 2016, the Indian Ministry of Finance decided to continue to impose a five-year anti-dumping duty on Chinese products involved in the case, with a tax amount of US$331.10 per ton. The Indian Ministry of Finance extended twice on January 6, 2021 and March 31, 2021. The validity period of the measure. The current effective period of this measure is September 30, 2021. The reduction of India's anti-dumping duties is a great benefit to China's melamine exports. Taking 2020 as an example, China’s export of melamine to India is 11,700 tons, ranking ninth, and its export volume accounts for 3.84% of the total export volume. With the reduction of anti-dumping duties, the proportion is expected to increase in the later period, plus other countries this year. The increase in demand is expected to increase the export volume of melamine this year.

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